Political Biases in Lobbying under Asymmetric Information
نویسندگان
چکیده
منابع مشابه
Strategic Government Behavior and Lobbying Under Asymmetric Information∗
This paper models influence activity as a dynamic game between special interest groups and a policymaker whose preferences are not known with certainty. In case of a single lobby, in a two—period model I show that the policymaker overstates her benevolence in the first period to build a reputation for being “honest” in order to withhold more rents in the second period. The lobby, recognizing th...
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This paper examines the political economy of redistribution when voters have asymmetric information about the redistributive preferences of politicians and the latter cannot make credible policy commitments. The candidates in each party are endogenously selected by a process of Nash Bargaining between the competing factions. In equilibrium, there is “partial convergence” of redistributive polic...
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We examine the incentives of an interest group to provide verifiable policy-relevant information to a political decision-maker and to exert political pressure on her. We show that both lobbying instruments are interdependent. In our view information provision is a risky attempt to affect the politician’s beliefs about the desirability of the lobby’s objective. The constraints governing informat...
متن کاملCaps on Political Lobbying
The cost of political campaigns in the U.S. has risen substantially in recent years. For example, real spending on congressional election campaigns doubled between 1976 and 1992 (Steven D. Levitt [1995]). There are many reasons why increased campaign spending might be socially harmful. First, increased spending means increased fund-raising, which may keep politicians from their legislative duti...
متن کاملCaps on Political Lobbying: Reply
Yeon-Koo Che and Ian Gale (1998) [CG, hereafter] studied the impact of imposing a cap on lobbying expenditures. They showed that a cap may lead to (1) greater expected aggregate expenditure and (2) a less efficient allocation of a political prize. In their comment, Todd Kaplan and David Wettstein (2005) [KW, hereafter] show that if the cap is not rigid (i.e., its effect on the cost of lobbying ...
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ژورنال
عنوان ژورنال: Journal of the European Economic Association
سال: 2007
ISSN: 1542-4766,1542-4774
DOI: 10.1162/jeea.2007.5.2-3.614